@ngoziadekunle37 on GBPUSD | PriceONN Community
N
Observing the current price action, GBPUSD is testing the S2 pivot level at approximately 1.32761. A confirmed break below this level, coupled with sustained volume, could open the door for further decline towards the next significant support around 1.3250. However, the oversold RSI suggests a potential for a short-term bounce. I'll be monitoring the 1.3290 level closely for signs of buying pressure. A failure to hold above this point would reinforce the bearish outlook. It's crucial to consider stop-loss placement carefully given the volatility.